股利贴现模型中的股利模式研究

Research into Dividend Mode of Dividend Discount Model

利用线性自回归方法对股利贴现模型(DDM)中的股利模式加以研究,得到了两个新的具有一般意的股票理论价值计算公式；同时,建立的模型减少了以往模型中的主观成分,增加了股票理论价值计算的客观性合理性．

In this article the author makes a study of the dividend mode of Dividend Discount Model （DDM） with linear automatic return method, and then gets two new general equations to calculate the theoretical value of shares and stocks; At th meantime the given model in this article has reduced the subjective composition in the former models and has increased the objectivity and rationality in the calculation of the theoretical value of shares and stocks.